Quantcast

Central Shenandoah News

Thursday, November 21, 2024

Widow and parent beneficiaries in ZIP Code 24472 increase in 2020

Adobestock 294508985

Adobe Stock

Adobe Stock

There were 35 total OASDI widow and parent beneficiaries in Virginia ZIP Code 24472 in 2020, a 16.7 percent increase over 2019, according to the Social Security Administration.

There were 30 total widow and parent beneficiaries in 2019.

The Old-Age, Survivors, and Disability Insurance (OASDI) program aims to supplement a worker's lost wages due to retirement, disability or death of a spouse.

The Social Security Administration program is funded primarily through payroll taxes. It was signed into law in 1935 by then-President Franklin D. Roosevelt.

MORE NEWS